Recommits increasing infrastructure investments in developing countries. Secretary of the Treasury Janet Yellen brought together leaders of multilateral development banks (MDBs) last week to discuss how to increase…
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Secretary Yellen Walks Out of G20 Meeting
Others join her as Russian delegate speaks. The top officials from the U.S., Canada, and Britain walked out of Wednesday’s G20 meeting as Russian representatives spoke. Their move…
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Inflation Rises to 8.5 Percent in March
Greatest increase in 41 years. The latest Consumer Price Index numbers show inflation is climbing even higher, making it more difficult for Americans to pay their bills and…
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DOJ Charges Russian Oligarch with Sanction Violation
Individual has been trying to get around sanction since 2014. The Department of Justice unsealed an indictment against Russian oligarch Konstantin Malofeyev on Wednesday, documenting his many attempts…
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Obamacare Subsidies Expanded
President Biden and former President Obama make announcement. President Joe Biden met with former President Barack Obama for a working lunch on Tuesday. Afterward, they announced that more…
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U.S. Government Seizes Russian Yacht
First seizure made by task force REPO. On Monday, the U.S. Government seized a yacht worth $120 million owned by Russian billionaire Viktor Vekselberg. An ally of President…
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Treasury Sanctions Funders of Boko Haram Terrorists
The six individuals in the UAE were also arrested. The Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions last week on six individuals in the United…
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U.S. and Allies Impose New Sanctions on Russia
President Biden confirms measures against Russian defense companies. President Joe Biden met with NATO and G7 allies Thursday in emergency sessions about Russia’s attacks against Ukraine as the…
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Treasury Department Sanctions Drug Traffickers
Targets individuals and organizations in Guatemala and Mexico. The Treasury Department’s Office of Foreign Assets Control (OFAC) designated the Los Huistas Drug Trafficking Organization (DTO) as a sanctioned…
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Treasury Department Announces IRS Backlog Strategy
Extra work from pandemic addressed with “aggressive plan.” The Department of the Treasury recently announced that they would be enacting an “aggressive plan” to catch up on heavily…
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